Smiths Medical ASD, Inc. announced that it has signed multi-year supply agreements with MedAssets Supply Chain Systems covering five categories of Anesthesia medical supplies. The agreements, which are effective on May 1, 2008, name Smiths Medical as a supplier for Anesthesia products and make the company’s line of anesthesia products available to MedAssets’ customers nationwide.
The agreement covers five categories of Anesthesia medical supplies including: Portex® brand Anesthesia Breathing Systems, Face Masks, and Esophageal Stethoscopes; SODASORB® carbon dioxide absorbent; Portex®, Bivona®, and Blue Line® brand Intubation Products, Endobroncheal Tubes, Endotrachial Tubes; and Portex® and Thermovent® HME’s and Filters.
“We are delighted to have been awarded these agreements from MedAssets Supply Chain Systems, effectively renewing and securing an important partnership for Smiths Medical,” said Stuart Morris-Hipkins, President of Smiths Medical, ASD, Inc. “MedAssets has grown significantly over the last few years, and this new agreement will essentially bring a broader array of product at competitive prices to MedAssets’ customers and allow us to expand our share across their hospital and health system customer base.”
“After completing an extensive RFP and review process, we are pleased to award Smiths Medical an extensive position in our new portfolio for disposable anesthesia products” commented Mark Miriani, President of MedAssets Supply Chain Systems. “The new agreements offer significant savings and value from a company known for their quality lines of products in the many categories of anesthesia products.”
About MedAssets
MedAssets Supply Chain Systems is a MedAssets company. MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve their financial strength by implementing integrated spend management and revenue cycle solutions that help control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 125 health systems, including 2,500 hospitals and 30,000 non-acute care healthcare providers. For more information, visit www.medassets.com.
About Smiths Medical
Smiths Medical is a leading supplier of high-quality medical devices and products to global markets and is comprised of three product groupings: Safety Devices, Vital Care and Medication Delivery. The company designs, manufactures and sells its products to hospitals and other healthcare providers, as well as to alternate care, including home care worldwide. Smiths Medical is part of the global technology company, Smiths Group, a world leader in the practical application of advanced technologies. Smiths Group is listed on the London Stock Exchange. For further information, visit www.smiths-medical.com.
Contacts:
Judith Rossi, 781-878-8011 X7834
Director,
Marketing Communications
judy.rossi@smiths-medical.com
or
MedAssets,
Inc.
Investors:
Robert Borchert, 678-323-8194
rborchert@medassets.com
or
Media:
Jill
Winkler, 404-266-0899 X119
jwinkler@3atlanta.com
